In economic theory, if an additional worker adds less to the total output than previous workers hired, it is because
A) there may be less that this person can do, given the fixed capacity of the firm.
B) he/she is less skilled than the previously hired workers.
C) everyone is getting in each other's way.
D) the firm is experiencing diminishing returns to scale.
A
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If we know that the slope of the consumption function is 0.6, then we know that if real disposable income increased by $1,000 billion, real consumption spending would
a. increase by $60 billion b. increase by $1,000 billion c. increase by $600 billion d. increase by $6,000 billion e. decrease by $6 billion
Refer to the graph above. If Canadian investors buy more U.S. financial and real assets, then:
A. The demand curve will shift left
B. The demand curve will shift right
C. The supply curve will shift left
D. The supply curve will shift right